HTC expects turnaround in Q2 after first quarter losses

HTC expects it will break even or book a profit in the first half with the turnaround profit in Q2 after losses in the first quarter - AFP Photo.

SINGAPORE: Taiwanese smartphone vendor HTC Corp said on Tuesday it projects revenue in April-June to almost match that of a year earlier thanks primarily to sales of new flagship One M8 beating those of its predecessor.

Revenue is likely to be in a range of T$65bil (US$2.16bil) to T$70bil (US$2.32bil), compared with T$70.67bil (US$2.34) in the same period a year prior, Chief Financial Officer Chialin Chang said at a quarterly investor conference.

Chang said the manufacturer expects a second-quarter gross profit margin of 21.3% to 22%, and earnings-per-share of T$2.21 to T$3.

HTC is likely to break even or book a profit in the first half, Chang said, after reporting a loss in January-March that was wider than analysts estimated at T$1.88bil (US$62.4mil). – Reuters 

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HTC , Q2 , turnarournd , profit , HTC one M8


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